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Kiri completes purchase of Dystar's North American assets
FOCUS locations being within the province of Maharashtra. The company employs 1200 people, including about 100 scientists and technicians. Its annual expenditure on research and development is of the order of $3 M. Sudarshan is by far the largest of the seven companies in the Rathi group, accounting for about 70% of group turnover. Besides organic pigments, Sudarshan produces inorganic pigments and mica-based effect pigments, as well as various chemical intermediates and pesticides. For the year to end-March 2010, Sudarshan reported net profit at $10.3 M on sales revenues of $134 M. Pigments accounted for 67% of total revenues. For the previous year, Sudarshan reported net profit at $3.7 M on sales revenues of $96 M. Plastics News, 16 Nov 2010, (Website: http://www.plasticsnews.com) & Coatings World, Nov 2010, 15 (11), 27
Japan: Merck – effect pigments Further details have been released on Merck’s project to build a new plant at its Onahama complex for the manufacture of Meoxal effect pigments, which are based on alumina flakes coated with iron oxide. (See also ‘Focus on Pigments’, Nov 2010, 4). These pigments are said to offer a far superior hiding effect and chroma than conventional effect pigments. Merck is spending Yen 800 M to build the plant, which will have a floor area of 600 square metres and is scheduled to come on-stream in August 2012. Japan Chemical Web, 19 Nov 2010, (Website: http://www.japanchemicalweb.jp)
COMPANIES
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PIGMENTS
North Dakota, South Dakota, Utah, Wisconsin and Wyoming. Paint & Coatings Industry (PCI), Aug 2010, 26 (8), 12
Kiri completes purchase of Dystar’s North American assets Kiri Holding Singapore (a subsidiary within the multinational Kiri group) has acquired all the DyStar companies in the US and Canada, effective 29 October 2010. The Kiri group’s global headquarters are at Ahmedabad, India. DyStar North America’s network generates annual sales revenues in excess of $100 M. The acquisition also include the assets of Color Solutions International, which produces textile dyes, auxiliaries and leather chemicals at Reidsville in North Carolina and has a warehouse at Southgate, California. The acquisition of the North American assets was a natural sequel to the $70 M reverse takeover by the Kiri group of DyStar’s four German plants and other assets. (See ‘Focus on Pigments’, Jun 2010, 7). Press Release from: DyStar Textilfarben GmbH & Co, 65926 Frankfurt am Main, Germany. Website: http://www2.dystar.com (29 Oct 2010)
IMCD sells Columbian’s speciality carbon blacks Columbian Chemicals has extended the sales territory over which the IMCD group is the exclusive distributor for its speciality carbon blacks, including the Raven, Conductex, Statex and Neotex product ranges. IMCD (headquartered in Rotterdam) now sells these products in Russia and Algeria, as well as in the Benelux region, Eire, France, Turkey and the United Kingdom. PPCJ, Polymers, Paint, Colour Journal, Oct 2010, 200 (4553), 5
FitzChem sells white mineral pigments for Imerys
Schulman buys Mash, Brazilian masterbatch producer
Imerys has extended the sales territory over which the FitzChem group sells its white mineral pigments, including kaolin, calcium carbonate and mica. FitzChem’s headquarters are at Itasca, Illinois and its territory now includes the states of: Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Mexico,
A Schulman (of Akron, OH) has acquired Mash Compostos Plasticos (of Sao Paulo, Brazil), a producer of additive masterbatches and a compounder of engineering plastics. No details were given on the value of the transaction, which closed in early November. Mash Compostos Plasticos started operations at its Sao
JANUARY 2011
Paulo plant in 2004. The plant was certified to ISO 9001:2008 last year. The company’s main product lines are: MasterMASH additive concentrates, fillers and glass fibres; MASHBlend blends of resins or resins with additives; MASHColor colour concentrates; and MASHComp base resins compounded with additives, fillers and glass. The company also offers MASHPlus tolling services. Mr Joseph Gingo (Chairman, President & CEO of Schulman) said: “Brazil is a highly attractive market for us and it is very important to our growth strategy. It is a large, diversified market with strong macroeconomic fundamentals. The Brazilian plastics industry holds significant growth potential because per capita consumption of plastic is still much lower than in other countries. With this acquisition, and with our April 2010 acquisition of ICO (See ‘Focus on Pigments’, Jul 2010, 7) which included two facilities in Brazil, we are aggressively expanding our presence in this market and enhancing our ability to serve customers.” This acquisition brings Schulman’s total global workforce to 2900. The company now has manufacturing facilities at 36 locations in North America, Central America, South America, Europe and Asia. For the year to end-August 2010, Schulman declared net income at $43.9 M on net sales of $1.59 bn. That compares against a net loss of $2.8 M on sales of $1.28 bn for the previous year. The company forecasts net income for the year to end-August 2011 at $57-62 M, assuming an average $/€ exchange rate of 1.35 for the year. Sales to customers in Europe, the Middle East and Africa accounted for 72% of the global total in 2009/10, compared against 73% in 2008/09. Sales to the Asia/Pacific region nearly doubled from $45 M to $84 M, but this still represented only 5% of the total. Most of the remainder was accounted for by sales to North America, while sales to Latin America were relatively insignificant. As a result of recent acquisitions, Latin America will feature more prominently in future. Press Releases from: A Schulman Inc, 3550 West Market Street, Akron, OH, 44333, USA. Tel: +1 330 666 3751. Website: http://www.aschulman.com (18 & 25 Oct 2010)
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Japan: Merck – effect pigments Further details have been released on Merck’s project to build a new plant at its Onahama complex for the manufacture of Meoxal effect pigments, which are based on alumina flakes coated with iron oxide. (See also ‘Focus on Pigments’, Nov 2010, 4). These pigments are said to offer a far superior hiding effect and chroma than conventional effect pigments. Merck is spending Yen 800 M to build the plant, which will have a floor area of 600 square metres and is scheduled to come on-stream in August 2012. Japan Chemical Web, 19 Nov 2010, (Website: http://www.japanchemicalweb.jp)
COMPANIES
ON
PIGMENTS
North Dakota, South Dakota, Utah, Wisconsin and Wyoming. Paint & Coatings Industry (PCI), Aug 2010, 26 (8), 12
Kiri completes purchase of Dystar’s North American assets Kiri Holding Singapore (a subsidiary within the multinational Kiri group) has acquired all the DyStar companies in the US and Canada, effective 29 October 2010. The Kiri group’s global headquarters are at Ahmedabad, India. DyStar North America’s network generates annual sales revenues in excess of $100 M. The acquisition also include the assets of Color Solutions International, which produces textile dyes, auxiliaries and leather chemicals at Reidsville in North Carolina and has a warehouse at Southgate, California. The acquisition of the North American assets was a natural sequel to the $70 M reverse takeover by the Kiri group of DyStar’s four German plants and other assets. (See ‘Focus on Pigments’, Jun 2010, 7). Press Release from: DyStar Textilfarben GmbH & Co, 65926 Frankfurt am Main, Germany. Website: http://www2.dystar.com (29 Oct 2010)
IMCD sells Columbian’s speciality carbon blacks Columbian Chemicals has extended the sales territory over which the IMCD group is the exclusive distributor for its speciality carbon blacks, including the Raven, Conductex, Statex and Neotex product ranges. IMCD (headquartered in Rotterdam) now sells these products in Russia and Algeria, as well as in the Benelux region, Eire, France, Turkey and the United Kingdom. PPCJ, Polymers, Paint, Colour Journal, Oct 2010, 200 (4553), 5
FitzChem sells white mineral pigments for Imerys
Schulman buys Mash, Brazilian masterbatch producer
Imerys has extended the sales territory over which the FitzChem group sells its white mineral pigments, including kaolin, calcium carbonate and mica. FitzChem’s headquarters are at Itasca, Illinois and its territory now includes the states of: Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Mexico,
A Schulman (of Akron, OH) has acquired Mash Compostos Plasticos (of Sao Paulo, Brazil), a producer of additive masterbatches and a compounder of engineering plastics. No details were given on the value of the transaction, which closed in early November. Mash Compostos Plasticos started operations at its Sao
JANUARY 2011
Paulo plant in 2004. The plant was certified to ISO 9001:2008 last year. The company’s main product lines are: MasterMASH additive concentrates, fillers and glass fibres; MASHBlend blends of resins or resins with additives; MASHColor colour concentrates; and MASHComp base resins compounded with additives, fillers and glass. The company also offers MASHPlus tolling services. Mr Joseph Gingo (Chairman, President & CEO of Schulman) said: “Brazil is a highly attractive market for us and it is very important to our growth strategy. It is a large, diversified market with strong macroeconomic fundamentals. The Brazilian plastics industry holds significant growth potential because per capita consumption of plastic is still much lower than in other countries. With this acquisition, and with our April 2010 acquisition of ICO (See ‘Focus on Pigments’, Jul 2010, 7) which included two facilities in Brazil, we are aggressively expanding our presence in this market and enhancing our ability to serve customers.” This acquisition brings Schulman’s total global workforce to 2900. The company now has manufacturing facilities at 36 locations in North America, Central America, South America, Europe and Asia. For the year to end-August 2010, Schulman declared net income at $43.9 M on net sales of $1.59 bn. That compares against a net loss of $2.8 M on sales of $1.28 bn for the previous year. The company forecasts net income for the year to end-August 2011 at $57-62 M, assuming an average $/€ exchange rate of 1.35 for the year. Sales to customers in Europe, the Middle East and Africa accounted for 72% of the global total in 2009/10, compared against 73% in 2008/09. Sales to the Asia/Pacific region nearly doubled from $45 M to $84 M, but this still represented only 5% of the total. Most of the remainder was accounted for by sales to North America, while sales to Latin America were relatively insignificant. As a result of recent acquisitions, Latin America will feature more prominently in future. Press Releases from: A Schulman Inc, 3550 West Market Street, Akron, OH, 44333, USA. Tel: +1 330 666 3751. Website: http://www.aschulman.com (18 & 25 Oct 2010)
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